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    Global GDP: U.S. Adds, China Subtracts

    China’s 2012 official economic numbers are due out at the end of this week and I, among others, will gently suggest that they aren’t particularly accurate. Sometimes, however, it isn’t Beijing that can’t get basic economic facts right. Sometimes it’s us. A lot of foreigners believe China is contributing a … More

    Don’t Believe What You Read: Bigger Trade Deficit = More Economic Growth

    The latest trade deficit figures are out, and like always, most reporters fail to accurately explain what these numbers mean. During the past 10 years, there has been a clear relationship between trade deficits and U.S. economic growth. Most news coverage got the relationship backwards. Consider the following reports: “The … More

    Morning Bell: Chinese Investment in the U.S. Shatters Records

    China set a record with its investments around the world in 2012. And in the United States, China shattered its previous investment record. Before people start panicking, it’s important to know: This is not a bad thing. First, let’s put it in perspective. Chinese investment is still very, very small … More

    Morning Bell: See America's Ranking in the 2013 Index of Economic Freedom

    When we talk about “economic freedom,” what do we mean—and why does it matter? Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they … More

    Obesity in America: Blame Trade Protectionism on Sugar

    With a new study pointing the finger at high fructose corn syrup as a culprit in America’s explosive epidemic of obesity, it is important to remember just why we are consuming so much of this commodity as opposed to the more traditional, and apparently healthier, sucrose or common table sugar. … More

    Kerry in Spotlight; Hot Issues Remain for Next Secretary of State

    Last week, embattled U.N. Ambassador Susan Rice took herself out of the running for Secretary of State as Hillary Clinton’s successor. It did not take long for the rumor mill to pick up that President Obama is leaning toward Senator John Kerry (D-MA) for the post. Though Rice did not … More

    U.S. Should Export Natural Gas

    A long-awaited report on natural gas exports was finally released by the Department of Energy (DOE) last week. Unsurprisingly, it concluded that exporting natural gas would bring a net economic benefit to the U.S. economy, with most benefits being realized as economies of scale in gas production increase. With the … More

    A Rare Showing of Bipartisanship

    Yesterday, in a rare showing of bipartisanship, the lame-duck Senate passed the Russia and Moldova Jackson–Vanik Repeal Act of 2012 by a vote of 92–4. The Senate took up the version of the bill that passed by an overwhelming majority in the U.S. House of Representatives last month, which grants … More

    Normal Trade Relations with Russia: We're Almost There

    On August 22, after almost 20 years of negotiations, Russia became the 156th member of World Trade Organization (WTO). Regrettably for the U.S., Russia has still not been granted permanent normal trade relations (PNTR) status, meaning that the U.S. cannot fully benefit from Russia’s new status in the WTO. As … More

    Shoe Shopping? Legislation Could Make Shoes Cheaper and Create Jobs

    If Congress wants to create more jobs this holiday shopping season, it can start by eliminating many Depression-era tariffs on shoes. According to the Bureau of Labor Statistics, 186,110 Americans work for shoe stores, an industry that generates $4.6 billion in annual wages. Many people who work for large department … More